Business
Appointment of CEO
Appointment of CEO.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 0830U Imaginatik PLC 10 July 2018 \n\n \nImaginatik PLC\n(\"Imaginatik\" or the \"Company\")\nAppointment of CEO\n \nImaginatik plc (AIM: IMTK.L), the #1 ranked leader in corporate innovation management according to Forrester Research, today announces the appointment to the Board of Angus Forrest as CEO, with immediate effect. Angus is an experienced venture capitalist and investor.\n \nAngus joins Imaginatik with the remit to place the Company on a secure financial footing and to restructure the business to generate growth. He was engaged by the Company last month as a consultant to review the Company's operations, and he is a key driver behind the restructuring and refocus of the Company's operations.\n \nAngus has over 25 years' experience as a venture capitalist and investor, with a particular focus on the technology sector. In 2000 he co-founded Billam plc, an internet incubator, and in 2013 he founded Tern plc, with both companies specialising in making and actively managing technology investments. He has been involved with the IPOs and reconstructions of several AIM companies, delivering increased shareholder value. \n \nSimon Charles, Acting Chairman of Imaginatik plc, commented, \"We are delighted to formally welcome Angus to the Imaginatik management team and Board. He has made significant strides in improving operations since his initial involvement with the company started. His understanding of the requirements of a successful technology public company will be invaluable to us as we seek to reinvigorate Imaginatik.\"\n \nAngus Forrest, incoming CEO of Imaginatik plc, commented, \"The initial phase of investigation and a cost-cutting programme to reduce overheads by more than £800,000 pa has been completed. I have been extremely encouraged by the opportunity for Imaginatik. The Company has a first-class customer list, a market-leading offering and a dedicated team of employees. I am looking forward to working with them to continue to improve the financial performance and growing Imaginatik, for the benefit of the employees, the customers and the shareholders.\"\n \nAngus George Patrick Forrest, 65, currently holds or has held the following Directorships in the last five years: \n\n\n\n\n\n\nCurrent Directorships\n\n\nFormer Directorships (held within the...